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he said we need a long-term solution, he said we need a big solution, a grand solution, the president offered that, it was clear that he could have gotten that deal, in my opinion. the first time that he walked away from the deal, and i'm absolutely convinced, having talked to the president, he could have gotten a deal the second time he walked away. the problem is i think his party wants to play politics, his party irresponsibly wants to hold hostage the credit of the united states and every american's credit to politics. hopefully mr. boehnorç will return to his original concept that we ought to have a long-term, get us out of the election era, and what he's always said he wants is stability to businesses can count on our policies. well, he's suggested something absolutely the opposite of what he said is good policy. >> congressman hoyer, i appreciate your semantic correction of what i said about the democrats -- >> schumer said that. >> my point about it, though, is that -- and i think senator schumer's point can also be taken is we have a history here now, going back the last fe
he said we need a long-term solution, he said we need a big solution, a grand solution, the president offered that, it was clear that he could have gotten that deal, in my opinion. the first time that he walked away from the deal, and i'm absolutely convinced, having talked to the president, he could have gotten a deal the second time he walked away. the problem is i think his party wants to play politics, his party irresponsibly wants to hold hostage the credit of the united states and every...
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the initial weather service highs taking at many of the big airports. san francisco airport and taken out at the bigger airports in concord. as we go into the next 24 hours, very similar conditions to what we saw today. so overnight lows tonight in the 50s. fog coverage for a good part of the coastal sections and right around the bay. the coast highs it's going to look much like today. 70 out toward lafayette. out toward mount diablo then you get your low 80s out toward discovery bay and even the mid- 80s as you get out to brentwood. just kind of a nice day. below average temperatures. then we get a little heat in the four corners areas that intensifies a little bit. we'll come up a good five to 6 degrees on wednesday. that begins a slight change. fire danger has been bearable for this time of year. the air quality has been good. that weak low has been lingering. that continues to keep moist cool air in the inland bay valleys. and certainly at the coast and that helps to squish fire danger. of course fire danger always high in the bay area. we don't get
the initial weather service highs taking at many of the big airports. san francisco airport and taken out at the bigger airports in concord. as we go into the next 24 hours, very similar conditions to what we saw today. so overnight lows tonight in the 50s. fog coverage for a good part of the coastal sections and right around the bay. the coast highs it's going to look much like today. 70 out toward lafayette. out toward mount diablo then you get your low 80s out toward discovery bay and even...
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acts a little bit of desperation especially because when you look at the big clubs which you dismantle you'll nuclear program first and then we decide to talk to you that's an absolute no no i was in north korea last year you know sure i'm from north. you know fishes directly debt this state awfully is the same state of play as it was srishti eight years ago fifty ace and in verse three of the armistice north korea south korea are still at war with each other doesn't armistice and in the north koreans are saying we have to sit down to the same table with the americans and then we go into formally and the war and then we're going to discuss everything including the nuclear program and the war from the north korean point of view is a war against america is not south korea they view it as a blot that government of the americas and they view that south korea in the minds of young of course it's still all killed by by american troops there are thirty six to thirty eight thousand us troops but the north korea says it has a western occupation of south korea so though unless you start to i rea
acts a little bit of desperation especially because when you look at the big clubs which you dismantle you'll nuclear program first and then we decide to talk to you that's an absolute no no i was in north korea last year you know sure i'm from north. you know fishes directly debt this state awfully is the same state of play as it was srishti eight years ago fifty ace and in verse three of the armistice north korea south korea are still at war with each other doesn't armistice and in the north...
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what's up there, big fellow? >> how you doing? >> your middle name is danger. >> we love you. >> there are people who find traditional rod and reel fishing boring. they prefer to be in the water, face to face with a catfish. seemed nuts to me. we went to texas where noodling was legalized to see what the sport is all about. ♪ >> my name is louis and i'm 42 from austin, texas. >> you won't have trouble in this hole. >> brady nelson, i'm 30. i have been noodling 16 years. >> i have been fishing since i was 12 years old. ♪ >> reporter: 40 miles east of dallas on a murky texas lake, we set out with a group of fishermen to experience noodling. >> noodling is catching fish with your hands. you work up your courage to stick your hand into that fish residence and coax him to bite you. >> you can see it's kind of sandpapery. >> i got bit. i have been hooked ever since. >> grab him as tight as you can under there. if it's a big fish you put both hands in its mouth. >> reporter: some people think you have to be a man to noodle. >> what d
what's up there, big fellow? >> how you doing? >> your middle name is danger. >> we love you. >> there are people who find traditional rod and reel fishing boring. they prefer to be in the water, face to face with a catfish. seemed nuts to me. we went to texas where noodling was legalized to see what the sport is all about. ♪ >> my name is louis and i'm 42 from austin, texas. >> you won't have trouble in this hole. >> brady nelson, i'm 30. i have been...
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there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a compromise, some sort of deal is worked out. i am wolf blitzer washington, special coverage continues right now with "piers morgan tonight." >> thank you for chain with us. >> bible start with you, the talk of compromise, it seems cheat me that both of the equivalent of the bay of pigs, who will blink first? >> the president doesn't have to say because he doesn't have a boat. it was a moment to isolate the republican speaker of the house and urge him to try to change pass and find out to compromise. we heard him hawed speaker peter tight and say you work with the president. i a
there's no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the tax and i hope that president obama will join must this work. god bless you and your family and god bless the united states of america. >> speaker of the house john >> we are staying on top of the story, this is an historic highs in washington, d.c. one mike from tomorrow, the nation will have a default crisis unless there is a...
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lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress gave him a debt ceiling increase 18 times. would you have voted no on every one of the 18 ronald reagan debt ceiling increases? >> lawrence, i'll give you an honest answer, i don't know. what's interesting to me is -- >> so there might have been a debt ceiling increase you might have voted for, just not a obama debt ceiling increase. >> 20 or 30 years ago, who knows. what i find interesting -- you're right in your history, why is the debt ceiling such a big issue now? and i guess my answer would be is because the crisis is so big, one,
lawrence, our government is too big. we have a government that spends too much, and we're bankrupting future generations, and we're not going to change that until we change this town. >> congressman walsh, you know that the government got bigger every year under the reagan presidency, so much bigger every year under the reagan presidency that ronald reagan had to ask you in congress, you weren't there, but congress, he had to ask congress for a debt ceiling increase 18 times, and congress...
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can they go right up to the 11th hour here. >> there's a big cost going to the 11th hour because you start to spook the markets. >> reporter: former fed governor ric mishkin points out when congress at first rejected the tarp financial rescue package in 2008 the dow plummeted nearly 800 points that day. >> boy, was it a disaster. when you go to the last minute and you're basically saying, you know, don't assume that we have responsible adults, well, that actually has huge, huge costs. we've seen this happen before. let's hope it doesn't happen now. >> reporter: economists say the risk of a default is remote, but the risk of a new recession is very real. if america has to slash its spending to stay under the debt ceiling, the recovery could be over and quickly. bob? >> schieffer: thank you very much, anthony. the accused mass killer in the oslo tragedy told authorities he was trying to call attention to what he called the threat of a muslim takeover of europe. today in the streets of oslo, there was an enormous outpouring of grief and sympathy for the victims and the killer's own fath
can they go right up to the 11th hour here. >> there's a big cost going to the 11th hour because you start to spook the markets. >> reporter: former fed governor ric mishkin points out when congress at first rejected the tarp financial rescue package in 2008 the dow plummeted nearly 800 points that day. >> boy, was it a disaster. when you go to the last minute and you're basically saying, you know, don't assume that we have responsible adults, well, that actually has huge,...
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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-- postal service faces big problems. they lost $8 million. mail is down. competition from ups, fed-ex is up. but the post office is looking at alternatives. they say if they do shut down a significant number of retail outlets they will look into what they call village post offices, operating desks, counters, placed inside businesses, town hall and community services but again, the postal service says there's a list of 3600 post office branches across the country that could be reviewed for possible closure. again, we'll find out what, if any, bay area post offices are on the list. allie rasmus, ktvu channel 2 news. >> thank you. >>> pg&e is planning to close five high-polluting plants in contra costa county. one is in bay point, two are in pittsburg and two are in antioch. all of the plants operate with petroleum coke. that can't be refined through normal process. they say closing the plants would reduce greenhouse gas emissions by 600 tons a year. >>> overnight, residents are back home after an early- morning fire chased
-- postal service faces big problems. they lost $8 million. mail is down. competition from ups, fed-ex is up. but the post office is looking at alternatives. they say if they do shut down a significant number of retail outlets they will look into what they call village post offices, operating desks, counters, placed inside businesses, town hall and community services but again, the postal service says there's a list of 3600 post office branches across the country that could be reviewed for...
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welcome to the future what makes a big splash in the world of high tech business what turns advanced science into high gear cheap products they don't understand the whole huge fees these guys the fall of russian invaders to each of bidders abroad and their big breakthrough back home spotlight on story on technology update here on t.v. we've got the future cover. if you. are going to take three. three. three. three. three. three blown video. of free media. the headlines on our t.v. suicide rates in japan are rising as people struggle with the aftermath of the earthquake disaster meanwhile it's thought that radiation at the fukushima nuclear plant could be contained within months. president obama's calling on the public to pressure congress into a deal on avoiding default but he blames republicans for stalling talks and refusing to compromise. at a top north korean diplomat is invited to new york to revive the long stalled talks on scrapping the country's nuclear program and it's just a few days since north and south korean envoys agree to discussions. i'll join me for bar those storie
welcome to the future what makes a big splash in the world of high tech business what turns advanced science into high gear cheap products they don't understand the whole huge fees these guys the fall of russian invaders to each of bidders abroad and their big breakthrough back home spotlight on story on technology update here on t.v. we've got the future cover. if you. are going to take three. three. three. three. three. three blown video. of free media. the headlines on our t.v. suicide rates...
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stretching their leader was in needs to have its all back to a full seven points following a to walk big trip home to ten men crazy it's a bit of saying to dubious opening the army man's accounts will be also over now a gong the ivorian strike announcing his town feel of the campaign making him the league's top scorer so fall. japan would build a case of the honda then converted a free kick that's a style second five minutes before half time. there was unable to solve the ball going into the guild moments later there was blood to make a pretty normal initial effort on stupid i can favor and into the net crazy and have a bond that i have sent off soon after the restart but no more bills followed so it's got held on to that you want to vantage giving crazy of the bulls defeats on the trot but muscovites seized control of the table. him in times of need have issued a complaint following sunday's one nil going away to on xiii in the last scene here the st petersburg side claiming the police used violence against their founds alf the local supporters instigated a mass brawl in the stands russ
stretching their leader was in needs to have its all back to a full seven points following a to walk big trip home to ten men crazy it's a bit of saying to dubious opening the army man's accounts will be also over now a gong the ivorian strike announcing his town feel of the campaign making him the league's top scorer so fall. japan would build a case of the honda then converted a free kick that's a style second five minutes before half time. there was unable to solve the ball going into the...
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we can't get the big things going. the overarching issues and serving the discrimination issues are one of the things we deal with. if it's okay with you, i would like to take this opportunity to ask my colleague, leonard boswell, to take my seat. i would like to get out of town before the faa shuts down. [laughter] so thank you very, very much for the opportunity. [applause] >> not often you have the luxury of having a reserve congressman. [inaudible] >> congressman connolly haven't heard from you so if you'd like to her housemates be i know time is short. i just want to salute all of you for having this and the thought process. we are certainly in a crisis, and you all know that. and history is going to be written. what's it going to say? i was somewhat relieved, even as for mr. summers to leave town. i wonder what would have to do to get mr. geithner to leave. i'm glad to see them go back and do what he does well. he's a good professor. i would like to see the other gentleman go do what he does well. we are in a cri
we can't get the big things going. the overarching issues and serving the discrimination issues are one of the things we deal with. if it's okay with you, i would like to take this opportunity to ask my colleague, leonard boswell, to take my seat. i would like to get out of town before the faa shuts down. [laughter] so thank you very, very much for the opportunity. [applause] >> not often you have the luxury of having a reserve congressman. [inaudible] >> congressman connolly...
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now i regard it as part of my life which will never go away and it shouldn't go away because it's so big part of what i would to create to fashion. queens broadway talks to us your thoughts again just over an hour's time but right now look what's happening in business with. para welcome to our business update this hour thanks for joining me russia is looking forward to expand its privatization program to spur economic growth deputy prime minister shaul of laid out the new plan in an article in the database to newspaper he suggests the full privatization of fourteen state companies by two thousand and seventeen however according to the plan the government will keep controlling stakes in infrastructure companies like russian will always and transmit. the idea of the privatisation was floated last year with initially time companies but now i think we would have over twenty companies i'm going to number the amount of money they're going to raise is going from something like thirty billion to one hundred twenty billion that's ten percent of g.d.p. this isn't about the money necessarily and of
now i regard it as part of my life which will never go away and it shouldn't go away because it's so big part of what i would to create to fashion. queens broadway talks to us your thoughts again just over an hour's time but right now look what's happening in business with. para welcome to our business update this hour thanks for joining me russia is looking forward to expand its privatization program to spur economic growth deputy prime minister shaul of laid out the new plan in an article in...
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it's a really big issue. it's going to become much more prominent as the week progresses if this is not all resolved. >> a lot of people weighing in even overseas. allan chernoff, thanks so much. zain verjee, we were talking about this yesterday. i think the british financial secretary yesterday calling us nutters. i have never heard that word before, but basically we are losing a lot of street cred when it comes to our politics because of, you know, the bickering back and forth. >> reporter: right. nutter, otherwise also pronounced nuers means this is crazy. get straight to the headlines here. this is what the independents say in the uk. raising the debt ceiling may not be enough to prevent financial disaster. it says with drama of an episode of "mcgyver." the items action series president obama -- primed to rip through the financial markets one week from now. check this out. wj wnel says structural change will only succeed if it's a company by a moral argument unabashed cultural defense of the free flis sys
it's a really big issue. it's going to become much more prominent as the week progresses if this is not all resolved. >> a lot of people weighing in even overseas. allan chernoff, thanks so much. zain verjee, we were talking about this yesterday. i think the british financial secretary yesterday calling us nutters. i have never heard that word before, but basically we are losing a lot of street cred when it comes to our politics because of, you know, the bickering back and forth. >>...
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today really mild, perfect for a bike ride or a big bike. we're leading technology advance this is is what they are doing in lewis action iowa. one man attempted to build the biggest bike on earth. what do you think? >> i need a step stool to get on that. >> brent and the triplets on one side. you on the other. >> give me a little break. 6:46 now. coming up on "today in the bay" a couple doesn't let a few thousand miles get in the way of their wedding. >> a tough day for netflix, down 10% now. we'll look in tech today. >> as you drive westbound 580 these red cars indicating speeds in the 20s, then easing over the hill through almost. in the distance, the rest of your bay area commute. coming up. >> a live look outside over the south bay. that haziness dissipating as the sun's up. [ male announcer ] everyday, your car does a lot for you. do something for it. show it some love. chevron with techron. care for your car. hi. looking good! you've lost some weight. thanks! you noticed! you know these clothes are too big now, so i'm donating them. n
today really mild, perfect for a bike ride or a big bike. we're leading technology advance this is is what they are doing in lewis action iowa. one man attempted to build the biggest bike on earth. what do you think? >> i need a step stool to get on that. >> brent and the triplets on one side. you on the other. >> give me a little break. 6:46 now. coming up on "today in the bay" a couple doesn't let a few thousand miles get in the way of their wedding. >> a...
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go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think that's a much better approach, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. >> that was the president addressing the nation from the east room earlier this evening. joining me now is jerrold bernstein, the former chief economist to vice president biden. he's currently a senior fellow at the center on budget and policy priorities and an msnbc contributor. jared, first of all, let's talk about the policies now that came out on what is called the reid plan in which there's no revenue increases at all. that's the latest compro
go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> up next the policy challenges with jared bernstein. later, tim pawlenty continues to talk tough in iowa. that's in the rewrite. >>> congress now has one week left to act. there's still pass forward. the senate introduced a plan to avoid default which makes a down payment and ensures we don't have to go through this again in six months. i think...
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bill: a big deal, really big deal. by law the white house cannot be used for political functions and that was shot at the map room of the white house and byron york is a chief political analyst with the washington examiner and a fox news contributor. why is darrell issa pursuing this? >> it is unlikely that he will get very far with this. it started with a cheesy little enterprise, the president raffling off a dinner with himself and said, we'll have joe, too. and people said gee, that is the white house and you cannot raise money in the white house, but, previous administrations have used the white house as back drops for political ads, and it is seems more likely what darrell issa is doing here is he is not trying to nail the administration to some big crime but he's saying we're watching, and if you continue to do this and make bigger use of the white house in the 2012 campaign, we will be watching. bill: i see but you think it is a stretch for him to prove anything in this circumstance, you don't feel he has the go
bill: a big deal, really big deal. by law the white house cannot be used for political functions and that was shot at the map room of the white house and byron york is a chief political analyst with the washington examiner and a fox news contributor. why is darrell issa pursuing this? >> it is unlikely that he will get very far with this. it started with a cheesy little enterprise, the president raffling off a dinner with himself and said, we'll have joe, too. and people said gee, that is...
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i mean, that's too big a number for everybody to really consider. so i broke it down to every family in the united states. every family's part of this $63 trillion of unfunded liabilities for medicare as it exists today is over $500,000. per family. $500,000 per family. of unfunded liabilities for medicare just in the next several decades. now, i don't know about most families but my family can't afford to pay $500,000 and neither can the government. mr. gingrey: if the gentleman will yield back to me for just a second and i've got a post that are points out just exactly what the gentleman from georgia, dr. broun, is saying. the c.b.o., if you look, colleagues, at the bottom of this poster, c.b.o. estimates individual and corporate income tax rates would have to rise by 90% through the year 2050 to finance medicare and medcare cade. and if medicare is not fixed, millions of workers today will lose the money that they have invested and indeed they have invested with that payroll tax over their many years of employment and i yield back. mr. broun: tha
i mean, that's too big a number for everybody to really consider. so i broke it down to every family in the united states. every family's part of this $63 trillion of unfunded liabilities for medicare as it exists today is over $500,000. per family. $500,000 per family. of unfunded liabilities for medicare just in the next several decades. now, i don't know about most families but my family can't afford to pay $500,000 and neither can the government. mr. gingrey: if the gentleman will yield...
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i think that is a big step in the right direction, and we put real caps in place. i do not have the numbers at my fingertips. i just know it will be less than last year. >> some members of congress were saying that the bill would allow for more spending than the ryan budget. >> i would much rather have the house republican budget. but remember, this was the product of a bipartisan negotiation. that is why it is not exactly everything what we wanted it to be. >> are you confident you can pass given the conservative push back? [inaudible] >> listen, this was negotiated in a bipartisan manner between both houses of congress. i think we will have some work to do to get it passed, but we will do it. >> the markets are down this morning, credit rating agencies still threatening to downgrade our credit rating. is this plan enough for the markets? >> i do believe it is enough. when the joint select committee gets together, they are required to find cuts of at least $1.80 trillion. they could do more, but it is time for congress to do their work. the per step in the process
i think that is a big step in the right direction, and we put real caps in place. i do not have the numbers at my fingertips. i just know it will be less than last year. >> some members of congress were saying that the bill would allow for more spending than the ryan budget. >> i would much rather have the house republican budget. but remember, this was the product of a bipartisan negotiation. that is why it is not exactly everything what we wanted it to be. >> are you...
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the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is
the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on...
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the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on leaders from both parties to negotiate and called on the american people to call their lawmakers to tell them to make a deal to come to a compromise. to avoid default in what he called a financial problem for the united states, a big problem. while we wait for the republican response from house speaker john boehner, let's go to chief white house correspondent ed henry. >> reporter: the contrast was striking. the president flat out saying the other guys are part of a three-ring circus i'm about common ground, balance, compromise. that's because as we noted before he is
the president started his address pushing for a big deal, a big plan. he blamed a significant number of republicans in congress for insisting on a cuts-only approach to the debt ceiling increase. the president talked again as he has about about millionaires and billionaires not paying their fair share he quoted president reagan. president obama says short term debt ceiling extension would lead to another standoff in six months. saying that is no way to run the u.s. government. he called on...
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money interests and big private prison interests and big anti immigration interests pushing for these individual laws across the states that's what's filling the void and that's the challenge that that we as organizations and as the latino community have a head of us is to push against those feeling bad boy and and so so in essence what we're seeing is this is sweeping reform across states that are being influenced by big money interests that is where the immigration reform stalls but is. sorry i mean i step on your tongue does an organization like the laws that have a vested financial interest obama's director of enter government out of governmental affairs from the very beginning was previously in the ra's a senior vice president charge of research advocacy and legislation and during her tenure at the white house it's coincided with a sharp increase in federal funding for a lot of that's according to a recent poll watch investigation so does that solidify the group's advocacy for obama's positions. well. the role of the plaintiffs is a very delicate role because at the same time tha
money interests and big private prison interests and big anti immigration interests pushing for these individual laws across the states that's what's filling the void and that's the challenge that that we as organizations and as the latino community have a head of us is to push against those feeling bad boy and and so so in essence what we're seeing is this is sweeping reform across states that are being influenced by big money interests that is where the immigration reform stalls but is. sorry...
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here? boehner has two debt limit votes and reid has one. let's get it done. reid's plan also has deep cuts to the pentagon budget, and it assumes that the wars are going to eventually end in iraq and afghanistan on a date, right? now, boehner's problem with the reid plan is that it takes the big three right off the table. and, of course, the real republican two-step is to kill the new deal and defeat of president obama and create more opportunities for more tax breaks at the top. neither one of these plans tonight, it must be pointed out that th
in other words, cuts to the big three. and, number five, of course, is the big one for republicans -- no tax hikes. boehner's plan is nothing but cut, cap, and balance, wrapped in a brand-new package and tried to be sold to the american people tonight. if you look at it side-by-side comparison, the two plans, boehner is a fool not to take reid's package. boehner's plan has 1.2 trillion in cuts. reid more than doubles the number with $2.7 trillion in cuts. so who's the honest player here?...
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for the deficit to now on top of this these imaginary numbers for defense savings let's look at the big picture you have the fact that the u.s. faces more than fourteen trillion dollars in debt and mounting and that's not including sixty one point six trillion dollars in unfunded liabilities from entitlements that figure from usa today other figures put the u.s. on line for ninety to two hundred trillion dollars and after months of debt debate in washington that threaten to d.d. rail the global economy by dragging the u.s. to the fault all lawmakers. get now is a plan to save two point seven trillion dollars over ten years with one trillion dollars in savings on defense ludicrous and that is what the mainstream media is missing. now even though the debt ceiling debate is consuming mainstream media propelling the economy to the top story for the fifth week in a row it's been only. it's entirely driven by the bipartisan fight over raising the debt ceiling and how to cut the deficit and that's according to pew research which tracks this now the part of the discussion that is largely missin
for the deficit to now on top of this these imaginary numbers for defense savings let's look at the big picture you have the fact that the u.s. faces more than fourteen trillion dollars in debt and mounting and that's not including sixty one point six trillion dollars in unfunded liabilities from entitlements that figure from usa today other figures put the u.s. on line for ninety to two hundred trillion dollars and after months of debt debate in washington that threaten to d.d. rail the global...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended the clinton
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of...
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the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six months from now? >> greta: let me ask you about the tax code reform. the simpson-bowles commission said 3300 tax hoop locals, earmarks in the tax code -- loopholes earmarks in the tax code. it didn't get passed over to congress. the president could have adopted that. why didn't the president seize upon that and said let's get rid of those 3300? ' adopted a lot of simpson-bowles commission in the budget framework he laid out in the spring. a lot of the negotiations that took place with the speaker. the president and speaker were agreei
the big unresolved issue is revenue. pretty much any neutral observer says the only way to get significant debt reduction is through tax reform to make sure the wealthiest americans through elimination of deductions and loopholes participate. in the short term in the next book we are not going to do entitlement or tax reform. the question is, either of them would reduce spending significantly. good down payment on the deficit. are we going to have this debt ceiling hanging over us five, six...
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and it's a big return, ladies and gentlemen. this pipeline is going to cost $13 billion, $13 billion. who is paying for it? the colt brothers? no. the american people are on the hook for the $13 billion to build this pipeline for the colt brothers and for their cohorts -- exxon, mobile, shell, b.p., and all of the rest of the big boys, whose tax credits and tax breaks, they are protecting without hesitation. so they are giving it bothways, ladies and gentlemen. they are getting it on the front end and they are getting it on the back end in terms of not having to pay any taxes. i think it's a -- i think we need to look at -- during this debt ceiling debate what our priorities are as a nation and what our values are. are we simply there to do the bidding of big business? and the oil companies? or are we here to do the business for the american people? the chair: the gentleman's time has expired. mr. johnson: i yield back. i rest my case. the chair: the gentleman from kentucky. mr. whitfield: madam chair, it's my understanding i ha
and it's a big return, ladies and gentlemen. this pipeline is going to cost $13 billion, $13 billion. who is paying for it? the colt brothers? no. the american people are on the hook for the $13 billion to build this pipeline for the colt brothers and for their cohorts -- exxon, mobile, shell, b.p., and all of the rest of the big boys, whose tax credits and tax breaks, they are protecting without hesitation. so they are giving it bothways, ladies and gentlemen. they are getting it on the front...
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three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion out of the economy, and if you do it soon, unfortunately, then you're going to have a tremendous problem. if you don't raise taxes on the rich, where are those cuts going too to come from? they're going to come from education, from infrastructure, from basic r&d. from all the things that you need to grow the economy and create jobs. >> and of course, if we go back to the old tax rates, before the bush tax cuts, we would be looking at $4 trillion into the treasury over the next decade, is that correct? >> of course we would. look, i was very proud, i was a member of the clinton administration. we ended
three, which is big for the base, big for people on fixed incomes, and it would not increase revenue. and it would cut what you're talking about, the possibility of job creation, because we're taking too much out of the economy. how could this be viewed as a win for the president? >> well, i don't think it would be a win. it's a win only relative to what the republicans are proposing. but if you save social security and medicare and medicaid, that's great. but if you take $2.7 trillion...
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say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of oregon made the announcement. yesterday nancy pelosi called for an ethics investigation after accusations by wu had a sexual encounter with an 18-year-old woman. he said he wouldn't step down but the well-being of his children come first so he'll resign. >>> just ahead, mcdonald's menu make over. how happy meal will get healthier. michelle obama weighs in on the changes. >> first i couldn't go to sleep. wide with awake. >> 49ers are back to work but they will return for the first time >>> san francisco 49ers are reporting to training camp at santa clara toda
say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of...
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the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business. i was amaze how different washington d.c. operated. most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and debt is business as usual. i got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another increase in the national debt but we said not so fast. hereby was the president asking for the largest debt increase in history. here is what we got for that spending binge. a new healthcare bill, a stimulus bill that is more effective in producing material for late night comedians than jobs and a national debt that sparked a crisis. the united states can't default on its debt obligations. the jobs of two many -- too many americans are at steak. the american will not accept an increase in the debt limit without cuts and reforms. over the last six months we have done our best to convince the presi
the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business. i was amaze how different washington d.c. operated. most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and debt is business as usual. i got news for washington, those days are over. president obama came to congress in january and requested business as usual. he had another increase in the national...
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15 minutes. the major difference is whether or not another vote will be required next year to deal with these problems. the speaker saying yes, indeed. up to congress to have another vote next year. the president saying he wouldn't go along with that. he doesn't want to put the country through that one more time. we're staying on top of this story. this is an historic night in washington, d.c. one week from tomorrow, the nation will have a serious default crisis unless there is a compromise. unless the deal is worked out in the coming days. our special coverage continues
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy our future. we are up to the task. i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> so now we've heard from the speaker of the house and the president of the united states. different perspectives, different perspectives indeed. the speaker speaking for bonl five minutes. the president about 15...
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say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of oregon made the announcement. yesterday nancy pelosi called for an ethics investigation after accusations by wu had a sexual encounter with an 18-year-old woman. he said he wouldn't step down but the well-being of his children come first so he'll resign. >>> just ahead, mcdonald's menu make over. how happy meal will get healthier. michelle obama weighs in on the changes. >> first i couldn't go to sleep. wide with awake. >> 49ers are back to work but honey...? [ mom ] yes. honey, i can't find my internet cord. oh, i'll borrow hailey's. you're downloading movi
say they have had to change their lifestyle in a big way. someone in the household or close friend or family member has been laid off in the last year. 82% of marines say they areing a difficult time finding a job in their area. we wanted to know how it affected you. we invite you to record a video dairy and then upload it to u report or e-mail it to ureport to us and we may be coming out to tell your story. >> a democratic congressman is resigning in the growing sex skeanld. david wu of...
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i've heard spending cuts aren't a big deal, raise that debt ceiling so they don't hit the roof. and all of those notes and bonds that a lot of you hold and thinking to myself. we're afraid of these guys having a hissy fit? is that a way to conduct policy, gauging market reaction to it. don't get me wrong, i love this capital stm and remember, back in the fall of 2008. wall street melted down nearly melted down after congress initially rejected then president bush's first tarp request? you knnknow why they did that? it was a bailout for bankers and brokers, lets hat not read too much in the selective tantrums and to rescue who these guys think are fairs, namely their interests and not necessarily the country's interest. that's not to stay that wall street isn't and shouldn't be worried about our long-term future, it should. let's just say it spends a lot more time focused on its short-term future. there is a difference and we'd be wise to remember it and wall street, you would be wise to appreciate it because this isn't about momentarily protecting your assets and their price. th
i've heard spending cuts aren't a big deal, raise that debt ceiling so they don't hit the roof. and all of those notes and bonds that a lot of you hold and thinking to myself. we're afraid of these guys having a hissy fit? is that a way to conduct policy, gauging market reaction to it. don't get me wrong, i love this capital stm and remember, back in the fall of 2008. wall street melted down nearly melted down after congress initially rejected then president bush's first tarp request? you...
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there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the white house but is more about american people and the future they seek for themselves and their families. let's return to mark who has been listening to that. sorry to interrupt you earlier but we wanted to hear what john boehner was saying and almost at times was replicating the tone of president obama there. >> yes. there's so much about this debate that's ridiculous. it's hard to know where to start from an economic point of view. and first of all, boehner is talking about a crisis. the crisis completely manufactured, this is a debt ceiling that, as president obama
there is no symptom of big government more menacing than our debt. when it gets gripped and we liberate our economy and our future. we're up to the task. and i hope president obama will join us in this work. god bless you and your family, and god bless the united states of america. >> the house of representatives speaker there, john boehner, saying it's significant cuts and reforms that are needed to help the u.s. economy. and this is not debates or differences between congress and the...
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what i worked to create to question what do you think happens after death after death you know the big questions in there. and i don't know. i'm inclined to think that our view of the universe is very simplified you know in a way that you know. crawling over a piece of paper has a very limited view of the universe so i think we also have a limited view so this existence that we know maybe just a very small part of the whole picture you know and i'm excited to think that that may be so. i'm not counting on it because maybe maybe in the you know life but i don't know. you know one thing is certain you can't use it as an excuse you can't say ok you know this life is really bad but the next one is going to be ok you have to make the best of where you are so i can't not ask you i know that you've been very successful and yet you were on the verge of suicide what stops at that point of death our love of life. yeah i've had very bad depression which a lot of people deal with at certain points what stops you killing yourself. i think what stopped me was the fact that i had children and people
what i worked to create to question what do you think happens after death after death you know the big questions in there. and i don't know. i'm inclined to think that our view of the universe is very simplified you know in a way that you know. crawling over a piece of paper has a very limited view of the universe so i think we also have a limited view so this existence that we know maybe just a very small part of the whole picture you know and i'm excited to think that that may be so. i'm not...
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its foreign firms which provided the lion's share of the investment and major maestro never made the big question the market is liberalize the reason regulatory for a more there are markets or capacity the and then are jeanne what we wish is to progress with these in making it clear more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me the investments obligations while foreigners increased their market share for mass nine percent of capacity. with the commission seventy eight percent of new units generators are now asking regulators for predictability this year the russian government current price rises to fifteen percent we generate a sale lost the millions but that hasn't stopped the flaking off switches that's already covered business our team. that's our business of it for this hour but i'll be back with more in about forty minutes from now. if. you. are limited. to. just some. feel.
its foreign firms which provided the lion's share of the investment and major maestro never made the big question the market is liberalize the reason regulatory for a more there are markets or capacity the and then are jeanne what we wish is to progress with these in making it clear more functioning russia opened its power sector four years ago privatizing most generating capacity during the crisis some russian firms failed to me the investments obligations while foreigners increased their...
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cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we gave a little lesson to the people in washington because the debt crises is a lot easier to fix than this deal was autopsy tom more complicated business than the u.s. debt ceiling. they understand what real debt is. let's start football now. are you listening mr. boehner and president obama. we are list ink, it is rick harrow with harrow sports. thank you, sir. >> susie: in china, ambitious plans to expand its high-speed rail system are being scrutinized after a deadly wreck over the weekend. one train fell off a bridge after being derailed. 39 people were killed and almost 200 others in
cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we...
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picture last night talking about how corporatism is almost always the big winner i'll tell you a bit of it and we can talk about it. and the legal system become a justice system is a tool of those in power and so we shouldn't necessarily expect that tool to be used against those that it did or controlling our government calling corporations accountable it's more our job it is the legal justice system's job and we should be looking for other ways to do that besides just you know hoping for some u.s. attorney somewhere to indict some bankers are only taking years so pretty interesting kevin i mean we live in the united states of america and here tim is this environmental activist saying it's our job why is this not the legal system's job. because we have a corrupted government and senator christopher serves on the steering committee with me for a project called october two thousand and eleven dot org a couple of them there already is an effort to bring americans to freedom plaza in washington d.c. are told where to hold the government accountable and to end corporatism exactly what ima
picture last night talking about how corporatism is almost always the big winner i'll tell you a bit of it and we can talk about it. and the legal system become a justice system is a tool of those in power and so we shouldn't necessarily expect that tool to be used against those that it did or controlling our government calling corporations accountable it's more our job it is the legal justice system's job and we should be looking for other ways to do that besides just you know hoping for some...
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now i regard it as part of my life which will never go away and it shouldn't go away because it's so big part of what i worked to create to function. all crean's brian may talks r.t.l. less than ten minutes before that all the latest from the world of business occurring. and welcome to business here in our take russia is looking forward to expand its privatization program to spur economic growth deputy prime minister laid out the new plan that was disclosed by a bit of us to newspaper he suggests the for privatization of fourteen state companies by two thousand and seventeen however according to the plan the government will keep controlling stakes and infrastructure companies like russia where ways and transmit. the moment for privatization is gathering dust but it's also probably a function of the fight that we're going to face to do this. it's not so much about the money or those significant amount of money and go to the original plan was for thirty three billion dollars would be raised if we were talking about one hundred twenty billion dollars but this is part and parcel of smoke mot
now i regard it as part of my life which will never go away and it shouldn't go away because it's so big part of what i worked to create to function. all crean's brian may talks r.t.l. less than ten minutes before that all the latest from the world of business occurring. and welcome to business here in our take russia is looking forward to expand its privatization program to spur economic growth deputy prime minister laid out the new plan that was disclosed by a bit of us to newspaper he...
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. >> he is a big sports fan. >> huge sports fan. >>> 4:46. arnold schwarzenegger posts an update on twitter about his injured son. we'll tell you about it coming up. >> postal problems. the potential shutdowns due to the dire budget crunch coming up. >> and the happy meal as now it is changing. what's being reduced and what it will be replaced with. >>> and it's travel time. we are cleared for take-off at sfo. looking at a high there of 67 degrees, partly cloudy heading into the afternoon. moving across the country, hot weather across the country's midsection pulling into chicago not bad you have sunshine and a comfortable 85 degrees. further east of course they have the storms yesterday. what about today in new york? should be pretty nice. partly cloudy, about 85, as well. more on your weather coming right up. ,,,,,,,,,,,,,, family is not disclosing when or where. winehouse's parents visited her ho ed >>> the funeral for amy winehouse is not being disclosed as to when or where. the 27-year-old was found dead, no known cause. results of the t
. >> he is a big sports fan. >> huge sports fan. >>> 4:46. arnold schwarzenegger posts an update on twitter about his injured son. we'll tell you about it coming up. >> postal problems. the potential shutdowns due to the dire budget crunch coming up. >> and the happy meal as now it is changing. what's being reduced and what it will be replaced with. >>> and it's travel time. we are cleared for take-off at sfo. looking at a high there of 67 degrees,...
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and the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington, d.c. operated than every other business in america. while most american businesses make the hard choices to pay their bills, live within their means, in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested business as usual, he had another routine increase in the national debt, but we in the house said, not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge, a new health care bill that most americans never asked for, a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs and a national debt that has gotten so out of hand it sparked a crisis without pre
and the spending binge going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington, d.c. operated than every other business in america. while most american businesses make the hard choices to pay their bills, live within their means, in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january...
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Jul 26, 2011
07/11
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that is that congress establishes budget cuts big enough to satisfy the credit agencies. stocks would make our run at new bull market highs. it cannot pass a sizable plan, the downside would be limited to 10%. scenario 3, the worst outcome -- let's go to maryland, angela, an independent. caller: i'm a first-time caller. i am a social conservative and a fiscal conservative. i used to both the republican party from my local elections to the presidential elections. the worst thing that happened to the republican party is eric cantor. he reminds me of a child is totally intransigent. he is rude to the president and shows he is all talk and he cannot stand the heat in the kitchen. the tea party has taken over the republican party. why should grover norquist ask republican members to sign a pledge to him? he has not got our country. the republicans no longer represent me. they are behaving like a step further wives. -- stepford wives. this is not the reagan republican party that i used in them. this is really pathetic. people need to stop talking about social security as an ent
that is that congress establishes budget cuts big enough to satisfy the credit agencies. stocks would make our run at new bull market highs. it cannot pass a sizable plan, the downside would be limited to 10%. scenario 3, the worst outcome -- let's go to maryland, angela, an independent. caller: i'm a first-time caller. i am a social conservative and a fiscal conservative. i used to both the republican party from my local elections to the presidential elections. the worst thing that happened to...